The US Federal Reserve just released proposed rules for payment stablecoins, putting the GENIUS Act into practice. ๐๏ธ
The proposals mandate full 1:1 reserve backing with high-quality assets and outline a tailored application process for banks to issue their own stablecoins. Because these rules are not yet final, a 60-day public comment period is now open.
Learn what this means for the future of digital dollars ๐
๋ ๋ณด๊ธฐ
